1395 Ridgewood DrChico, CA 95973

Property Details for 1395 Ridgewood Dr

Year built

1997

Construction

WOOD

Lot size

2.27 AC

Property size (Sq ft)

20,312 SF

Property type

Office properties

Property subtype

Office buildings

APN

015-020-037-000

APU

15020037000

Description

This exceptional 3,716-square-foot executive office suite is located at 1395 Ridgewood Drive #400 in Chico, California, within Butte County (zip code 95973). Situated on a 2.27-acre lot, this single-story, 1997-built building offers a unique opportunity for a variety of commercial or educational uses. Currently configured as a law library, the space is ready for immediate occupancy and can be easily adapted to suit diverse needs, including general office space, meeting areas, or tech-focused environments. The property boasts a highly professional tenant mix, including the California Northern School of Law, the Internal Revenue Service, and established law offices. The lease is a Net Lease (NNN), meaning the tenant will be responsible for a proportionate share of operating expenses in addition to base rent. This prestigious location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a sophisticated and functional workspace. The property is currently vacant and ready for immediate occupancy. The building's single-tenant configuration provides privacy and control. This is a rare opportunity to secure a substantial and well-located office space in a desirable Chico neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $3,660,672

  6.5%

  $3,379,082

  7%

  $3,137,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,900,147

  Geo Method

  $2,900,147

• Alternative Use

  Use

  Valuation

  Residential

  $4,190,061

  Hospitality

  $3,838,074

  Educational

  $3,193,232

  Medical

  $3,303,052

  Retail

  $4,967,250

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7746

Longitude

-121.839

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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